Credit Event Settlement Amount definition

Credit Event Settlement Amount means, in respect of each Note and subject to a minimum Credit Event Settlement Amount of zero, that Note’s pro rata share of:
Credit Event Settlement Amount means an amount per Certificate subject to a minimum of zero, equal to:

Examples of Credit Event Settlement Amount in a sentence

  • This will operate to reduce the Credit Event Settlement Amount payable to Securityholders.

  • If (and only if) the Calculation Agent determines that there is or will be no relevant Auction, the Credit Event Settlement Amount will be determined by reference to the value of certain obligations of, or guaranteed by, the affected Reference Entity or eligible assets.

  • A Securityholder will receive a cash amount (the "Credit Event Settlement Amount"), which may be zero.

  • In such case, interest will not accrue on the Credit Event Settlement Amount.

  • Accordingly the Securityholders will not benefit from any subsequent increase in the value of any obligations used to determine the Credit Event Settlement Amount.

  • Subsequent disclosure of any such events or the disclosure of, or failure to disclose, material future events concerning the Reference Entity could affect its creditworthiness and therefore the market value of the Securities, the likelihood of an Event Determination Date occurring in relation to the Reference Entity and the resulting Credit Event Settlement Amount.

  • The Credit Event Settlement Amount is likely to be considerably less than the entire outstanding nominal amount of each Security which means that Securityholders will accordingly suffer a loss of principal in such case.

  • The obligations or assets valued for these purposes may be illiquid and such illiquidity may be more pronounced following the occurrence of a Credit Event, thereby adversely affecting the value of such obligation which in turn will reduce the Credit Event Settlement Amount of the Securities for such Event Determination Date.

  • No additional payments (including, without limitation, any interest on the related Credit Event Settlement Amount) shall be made, or compensation otherwise provided, in respect of any Security in respect of which the provisions of this Asset Term 2.8 (Settlement Deferral) apply.

  • Unless principal protection applies, if an Event Determination Date occurs, the Securities will be redeemed or cancelled in full or in part, as set out in the Asset Terms, by payment of the Credit Event Settlement Amount and the outstanding nominal amount of the Securities will be reduced by the related Credit Event Writedown Amount.


More Definitions of Credit Event Settlement Amount

Credit Event Settlement Amount means, in respect of a Security and with respect to an Event Determination Date:
Credit Event Settlement Amount means an amount per Certificate subject to a minimum of zero, equal to: NA x (Certificate ValueRedemption Adjustment)
Credit Event Settlement Amount means, in respect of a Security and with respect to an Event Determination Date such Security's pro rata proportion of an amount equal to (i) the Reference Entity Notional Amount (or, as applicable the Exercise Amount) minus (ii) the Credit Event Loss Amount, less, if Funding Unwind Costs is specified as applicable in the Specific Terms, an amount equal to the Funding Unwind Costs Proportion;
Credit Event Settlement Amount means, with respect to any Valuation Date, an amount denominated in the Specified Currency calculated by the Calculation Agent equal to the greater of:
Credit Event Settlement Amount means, in respect of a Security and with respect to an Event Determination Date, an amount equal to the product of the Auction Settlement Amount or, as applicable, Cash Settlement Amount, and the Relevant Proportion as of the Event Determination Date;
Credit Event Settlement Amount means an amount equal to:

Related to Credit Event Settlement Amount

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of One Hundred Forty-Five Thousand Dollars ($145,000), including any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.